TreeHouse Foods (NYSE:THS) Lowered to Sell at StockNews.com

StockNews.com cut shares of TreeHouse Foods (NYSE:THS) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Other equities research analysts have also issued reports about the stock. TD Cowen decreased their price objective on shares of TreeHouse Foods from $38.00 to $37.00 and set a hold rating on the stock in a research report on Tuesday. Truist Financial downgraded shares of TreeHouse Foods from a buy rating to a hold rating and reduced their price target for the company from $45.00 to $35.00 in a report on Tuesday, February 20th. Barclays dropped their price objective on shares of TreeHouse Foods from $39.00 to $36.00 and set an equal weight rating for the company in a research note on Wednesday. Finally, Stifel Nicolaus cut their price objective on TreeHouse Foods from $38.00 to $36.00 and set a hold rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, TreeHouse Foods currently has a consensus rating of Hold and a consensus target price of $42.67.

TreeHouse Foods Price Performance

Shares of NYSE:THS opened at $34.79 on Wednesday. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 36.62 and a beta of 0.35. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74. The business’s 50 day simple moving average is $37.01 and its 200-day simple moving average is $39.49. TreeHouse Foods has a 12 month low of $33.28 and a 12 month high of $54.52.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $820.70 million for the quarter, compared to analyst estimates of $798.44 million. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. As a group, equities analysts forecast that TreeHouse Foods will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors and hedge funds have recently modified their holdings of THS. State Board of Administration of Florida Retirement System increased its stake in TreeHouse Foods by 26.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,527 shares of the company’s stock valued at $722,000 after purchasing an additional 3,820 shares during the last quarter. William Blair Investment Management LLC grew its holdings in TreeHouse Foods by 16.5% in the 1st quarter. William Blair Investment Management LLC now owns 913,087 shares of the company’s stock valued at $35,565,000 after buying an additional 129,323 shares during the period. ProShare Advisors LLC increased its stake in shares of TreeHouse Foods by 6.0% during the 1st quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock valued at $398,000 after acquiring an additional 579 shares during the last quarter. New South Capital Management Inc. increased its stake in shares of TreeHouse Foods by 29.0% during the 1st quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company’s stock valued at $43,630,000 after acquiring an additional 251,886 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of TreeHouse Foods by 33.6% during the 1st quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock worth $151,000 after acquiring an additional 975 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.